Jefferies Maintains a 'Hold' on Teleflex (TFX); Acquiring LMA Intl in Accretive Deal
Tweet Send to a FriendGet Alerts TFX Hot Sheet
Price: $78.64 +0.94%
Rating Summary:
4 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
4 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade TFX Now!
Jefferies maintains a 'Hold' on Teleflex (NYSE: TFX) price target of $60.00.
Analyst, Raj Denhoy, said, "TFX is acquiring LMA International, a leading laryngeal mask provider, for $276mm in an all cash transaction expected to close in October 2012. The acquisition increases Teleflex Anesthesia by a half with an initial full-year accretion target of at least $0.35 per share. Longer-term the deal could add $0.60+ per year, bringing the company ever closer to its “high five” goals."
For an analyst ratings summary and ratings history on Teleflex click here. For more ratings news on Teleflex click here.
Shares of Teleflex closed at $63.68 yesterday, with a 52 week range of $49.43-$64.94.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Raj Denhoy, said, "TFX is acquiring LMA International, a leading laryngeal mask provider, for $276mm in an all cash transaction expected to close in October 2012. The acquisition increases Teleflex Anesthesia by a half with an initial full-year accretion target of at least $0.35 per share. Longer-term the deal could add $0.60+ per year, bringing the company ever closer to its “high five” goals."
For an analyst ratings summary and ratings history on Teleflex click here. For more ratings news on Teleflex click here.
Shares of Teleflex closed at $63.68 yesterday, with a 52 week range of $49.43-$64.94.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Deutsche Bank Sees Upside in AIG (AIG) Stock
- Wells Fargo Starts StealthGas (GASS) at Outperform
Create E-mail Alert Related Categories
Analyst Comments, Mergers and AcquisitionsRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
